PEARL Awards Nigeria urges govt tackle infrastructural defects, others

PEARL Awards Nigeria, has identified high cost of production and policy somersault as major impediments inhibiting listed firms’ performance in Nigeria, urging government to address these issues to enhance growth.

The President, PEARL Awards Nigeria, Tayo would boost investors’ confidence, and attract more investment into the market. Orekoya, at a poress conference to announce the 2017 Pearl

Awards Nite, slated for

November 26, in Lagos, argued that for the nation’s capital mar“Issue of policy inconsistenket to become more competicy by regulators and governtive and attract huge in vestors’ ment will make it impossiparticipation, government ble for investors to come in needs to tackle Nigeria’s power because they cannot predict and other infrastructural chalthe market direction. lenges.“nigerian companies canHe also noted that consistency not compete favourably in government initiatives because cost of production is huge. The amount of resources that go into generating power for theses listed firms are huge, and it affects the consumers.” The PEARL Awards Nigeria instituted in 1995, is a private sector, notfor-profit, non-partisan and Non-governmental Organisation initiative, to reward companies quoted on the Nigerian Stock Exchange (NSE).